02 — Capability · BC-130.40
Risk Monitoring & Reporting
Watch the indicators that show a risk is moving, and tell leadership and the board what has changed in a form they can act on.
- Key Risk Indicators
- KRIs
- Risk Reporting
In scope
- Key risk indicator definition and thresholds
- Risk reporting to executives and the board
- Loss event and near-miss capture
Out of scope
- Operational incident management (see BC-740)
- Safety incident reporting (see BC-810)
Decomposes into · 3
- BC-130.40.10Key Risk Indicator MonitoringDefine leading indicators for priority risks, set thresholds and watch them so a breach is seen before the loss.
- BC-130.40.20Risk ReportingProduce the periodic risk picture for executives and the board, showing movement against appetite and the status of responses.
- BC-130.40.30Loss Event AnalysisRecord risk events and near misses and feed what they reveal back into ratings and controls.